The chart of the $PENDLE token shows the formation of a contracting triangle pattern, which may signal an imminent breakout. Let's conduct a full analysis:

📊 Technical Analysis:

  1. Key support and resistance levels:

    • Support: $5.12, $5.07.

    • Resistance: $5.39, $5.58.

  2. Indicators:

    • Moving Averages (MA):

      • MA(7): Local dynamics show weak upward movement.

      • MA(25, 99): Moderately bearish trend, price below long-term MAs.

    • SAR Indicator: Indicates sideways movement with a potential trend change.

    • Ichimoku: Price is below the cloud, indicating selling pressure.

    • Bollinger Bands: Contraction of the bands indicates reduced volatility and probability of impulsive movement.

  3. Chart Pattern:
    A contracting triangle suggests a possible breakout upwards or downwards.

🛠 Fundamental Analysis:

  1. Value of the PENDLE project:

    • Support for DeFi infrastructure, betting on the creation of liquid assets.

    • Participation in staking and LP income.

  2. Volumes:

    • Moderate volumes indicate reduced activity from participants. A breakout on increased volume will be a key signal.

🔮 Forecast and Scenarios:

  1. Bullish scenario:

    • Successful breakout at $5.39 with confirmation will open the way to $5.58 and above.

  2. Bearish scenario:

    • Downward breakout at $5.12 activates a decline to $5.07 and $4.95.

📌 Recommendation:

Watch for the breakout of the triangle boundaries ($5.39 or $5.12). Opening positions is preferable upon confirmation of direction with increased volume.

💡 Note: This analysis is provided for educational purposes, invest with caution.

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